News Headline Summary

According to JPMorgan's Global FX strategy team the AUD is expensive...

JPM says:

- “Our models indicate that both the AUD and NZD are unambiguously expensive,” the analysts say, adding: “Our long-term fair value model indicates the NZD is 16% overvalued, while the AUD is 5% expensive. By contrast, the CAD is 9% undervalued.”